• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar

Alex Fortin

Investor, Entrepreneur and Developper

  • Podcast
  • Blog
  • About
  • Contact

The future of prediction markets with Gnosis CEO, Martin Köppelmann

August 31, 2016 By Alex Fortin Leave a Comment

martin koppelman gnosis

Today I got an incredible chance to pick the brain of a Martin Köppelmann, the CEO and co-founder of Gnosis. For those of you who haven’t heard, Gnosis is a new piece of software that enables you to make predictions on all kinds of events from around the world. Everyone can vote by buying and selling shares of different outcomes thus creating a platform for crowd-sourced information. With Gnosis, you can literally predict the future based on crowd sourced information.

This is all made possible because of the incredible architecture designed by Martin and his team, who have leveraged the decentralized Ethereum network using Smart Contracts. Potential applications are limitless, ranging from insurance and governance solutions to sports betting and financial instruments.

This means that any kind of organization, be it companies, corporations, or even an entire country will have the ability to test a theory or evaluate a policy by harnessing the power of the crowd. Data may then be intelligently organized and displayed within the Gnosis application and critical decisions can be made. And best of all, you can even profit based on your very own predictions!

After successfully founding the Bitcoin prediction market Fairlay, Martin has been on a mission make his mark in the prediction market universe. This is one man who has played the game long enough to understand the intricacies of the industry. It is now, with the culmination of Ethereum’s advanced blockchain technology and the company’s complete decentralization, that Marin is finally able to bring this beautiful piece of software to the world.

So strap yourself in and get ready for this jam packed episode with Martin Köppelmann, CEO and co-founder of Gnosis.

In this episode you’ll discover:

0:30 – The benefits of building a decentralized prediction application on the blockchain

4:40 – The difference between Gnosis and Augur as well as the fundamental processes behind prediction markets

8:30 – What makes Gnosis superior to other betting market applications

12:45 – Martins insider predictions on the top placed trading markets

14: 30 – Everything you need to know about Gnosis tokens and the upcoming crowd sale

17:40 – The incredibly unique company structure that places the future of Gnosis in the hands of its users

22:01 – Martins thoughts and opinions on the move away from Ethereum Classic

24:54 – Why society would be better off with a Universal Basic Income for everyone.

31:40 – The latest news on the Gnosis release date!

Key Takeaways

“We envision a future in which markets are used to aggregate knowledge and optimize processes throughout information economies.”

“Decentralized Autonomous Organizations allow us to experiment with an aspect of our social interactions that is so far arguably falling behind our rapid advancements in information and social technology.”

“While Augur uses many oracles to determine the outcome of an event, Gnosis uses a mechanism whereby only one or a few oracles provide the outcome, a feature they say will lead to faster validation.”

“Gnosis enables anyone to forecast the outcome of any decidable event.”

Important notes from this episode:

  • Find out more about Gnosis’ closest ‘competitor’ Augur
  • Understanding Futarchy and its application within Gnosis
  • Why Ethereum Classic must die
  • Learn more about the Business for Basic Income concept

Connect with Martin:

  • Follow Gnosis on Facebook
  • Chat to Martin and the Gnosis team in real time on Slack
  • Connect with Gnosis on Twitter
  • Read the Gnosis blog on Medium

Thanks for listening!

If you enjoyed this podcast please share it with your friends and leave a review on iTunes.

For questions, comments or suggestions simply enter your message below.

Filed Under: Cryptocurrency, Podcast Tagged With: ethereum, gnosis

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Primary Sidebar

Delve into the hardware side of bitcoin with Rodolfo Novak

  I’m really happy to introduce the newest … [Read More...] about Delve into the hardware side of bitcoin with Rodolfo Novak

Learn how to buy bitcoin with Jordan Tuwiner

  Today's guest is one you don't want to … [Read More...] about Learn how to buy bitcoin with Jordan Tuwiner

Embrace the future of bitcoin and wallets with Aaron Lasher

Today, I talk with Aaron Lasher, an early bitcoin … [Read More...] about Embrace the future of bitcoin and wallets with Aaron Lasher

A peer to peer financial system: Ray Youssef shares his story

In this truly insightful episode, I’m chatting … [Read More...] about A peer to peer financial system: Ray Youssef shares his story

Adam Draper, BoostVC founder

How crypto and VR are changing the world: a talk with Adam Draper

The new season is finally here (it took some time, … [Read More...] about How crypto and VR are changing the world: a talk with Adam Draper

Recent Post

Going to mars is our only chance to escape our human fate.

You've probably heard Elon Musk is building giant … [Read More...] about Going to mars is our only chance to escape our human fate.

Giving 10% of your income to charity

I finally started to give to charitable … [Read More...] about Giving 10% of your income to charity

How to become an app developer (1 month update)

So it has been 1 month and 11 days since I … [Read More...] about How to become an app developer (1 month update)

Why you will lose your money investing in cryptocurrency

There's a story that during WWII, plane that … [Read More...] about Why you will lose your money investing in cryptocurrency

3 months to app developer

How to become an app developer in 3 months

Today's post will be listed under "experiments". I … [Read More...] about How to become an app developer in 3 months

© 2021 ALEX FORTIN